Contemporary management practice suggests that annual business planning should be conducted in the context of overall strategic development planning for an organisation.
It should be an ongoing process with a broad development vision for the next three to five years as related to specific action which should be taken in the next six months.
This paper examines the key fundamentals of business planning, under the following headings:
- Introduction To Business Planning
- Environmental And SWOT Analysis
- Development Vision For The Firm
- Mission Statement
- Strategies
- Objectives
- Action
- Developing The Business Plan
- The Final Business Plan
- and includes as Addendums:
- Steps In Business Planning
- Key Items In A Business Plan
